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If another euro country fails, so does Slovakia. Our economy is 80 per cent open and if the citizens of Spain and Portugal have no money to buy cars made here in Slovakia then that will be bad for us. Everything is connected.
Iveta Radicova.Born: December 1956 Prime Minister of Slovakia since 2010.
Elected in March 2012 and in the wake of a corruption scandal – the so-called Gorilla File – that brought down the reformist coalition led by Iveta Radicova, the Fico government rests on a firm parliamentary majority. Smer-SD captured 83 of the150 seats in the Národná Rada (National Council), the Slovak parliament, in the balloting that drew three-fifths of the electorate to the polls.
Yet, while he enjoys unprecedented support – no single party has controlled the Slovak parliament since dissolution of the former Czechoslovakia in 1993 – Fico has had little opportunity for a honeymoon since coming to power. While the economy finished 2012 up 2 per cent thanks to new-model introductions by several automakers with in-country production facilities, the final quarter saw the rate of growth slip to 0.7 per cent, according to the Slovak Statistical Office – a rate of just 0.2 per cent when adjusting for seasonal factors.
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- Political structure
- Main cities
- Languages spoken
- Industry and manufacturing
- Financial markets
- Banking and insurance
- Dress codes
- Entry requirements
- Health (for visitors)
- Credit cards
- Public holidays
- Working hours
- Social customs and useful tips
- Getting there
- Getting about
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Official name: Slovenská Republika (Slovak Republic)
Head of State: President Andrej Kiska (since 15 June 2014)
Head of government: Prime Minister Robert Fico (Smer-SD) (from 4 Apr 2012)
Ruling party: Strana Smer-Tretia Cesta-Sociálna Demokracia (Smer-SD) (Direction Party-Social Democrats) (from 10 Mar 2012)
Area: 49,035 square km
Population: 5.42 million (2014)*
Official language: Slovak
Currency: Euro (€) = 100 cents (from 1 Jan 2009; previous currency Slovak koruna, locked at Sk30.126 per euro)
Exchange rate: €0.89 per US$ (Sep 2015)
GDP per capita: US$18,454 (2014)*
GDP real growth: 2.41% (2014)
GDP: US$99.97 billion (2014)
Labour force: 2.74 million (2014)*
Unemployment: 13.22% (2014)
Inflation: -0.10% (2014)
Balance of trade: US$4.51 billion (2014)
Annual FDI: US$3.66 billion (2011)
* estimated figure